Woolworths to anchor retail centre

Woolworths
will establish a significant retail precinct in Melbourne’s western growth corridor after striking a deal with Perth-based developer
Cedar Woods
.

Woolworths has leased 25,400 square metres at Williams Landing to house a Big W, a supermarket and Masters hardware store.

The commitment anchors more than half of the Williams Landing town centre and the retailer has agreed to 20-year lease terms for the three buildings.

Cedar Woods managing director Paul Sadleir said he was in negotiations with builders to construct the centres.

“Woolies are focused on being retailers as opposed to property owners, and they’re happy that we’re there as the landlord," he said.

Mr Sadleir said although the city of Wyndham, where Williams Landing was located, was the fastest growing municipality in Australia, the area’s shopping, dining and office facilities were horribly inadequate.

He said the Woolworths’ commitment would probably fast-track other development on the 50 hectare town centre site.

Construction of a new railway station and freeway siding at Williams Landing about 19 kilometres west of the CBD is due for completion next year.